Posts

St. George Realtors Sold 38 Properties Last Week.

St. George, Utah – Despite the heat of summer, southern Utah’s Realtors have been busy over the past seven days. Selling just over $13 million in St. George, Utah, Real Estate, Washington County Realtors witnessed a ‘Median’ sales price of $309,533 – or $173 per square foot during the week of August 11, 2018.

But while southern Utah’s real estate inventory continues to appreciate nicely, the National Association of Realtors is reporting the national median existing single-family home price in Q2 was $269,000. Representing a 5.3% uptick on a year-over-year basis.

St. George Real Estate Statistics: Week of August 11, 2018

Per the WCBR (Washington County Border Realtors ) and it’s FlexMLS system, Realtors sold $13,253,505 worth of single-family residential real estate over the past seven days. Of last week’s 38 sold real estate listings, 28 spent less than 30 days on the WCBR MLS (multiple listing service); 3 homes took less than 60 days close escrows (COE); 3 listings sold within 90 days; 2 took between 90 and 120 to COE, and another 1 listing took more 121 days on the MLS to find the right buyer.

Weekly real estate statistics southern Utah August 11, 2018

Top Five Sold St. George Real Estate Listings

List Price: $1,095,000 – Sold Price: $967,000 – Days on Market: 02

List Price: $609,900 – Sold Price: $650,646 – Days on Market: 03

List Price: $675,000 – Sold Price: $650,000 – Days on Market:16

List Price: $519,000 – Sold Price: $519,000 – Days on Market:13

List Price: $499,900 – Sold Price: $494,802 – Days on Market: 01

As of last Monday, the top five real estate sales in Washington County occurred in the following subdivisions: Stone Cliff, Paradise at Zion, Silverstone at Green Springs, and Silver Sage.

Dropping by 13 completed transactions on a week over week basis, 38 single-family residential listings and/or condominiums successfully closed escrow in Southern Utah since last Monday. And closing escrow just 10 short days after being listed, a golf home in the Monterey at Stonebridge subdivision successfully closed for just $181.91 per square foot.

Finally back to normal in the Beehive State, this past week we witnessed Donald J Trump become President-elect, Utah’s gas prices get ranked as some of the highest in the nation … as a NASA satellite exposed Utah’s Great Salt Lake as a rapidly diminishing resource. Depressing for some and exciting for others, that was emotionally exhausting week for all.

Sold St. George Real Estate

As for real estate sales in Washington County, it was a relatively quiet week. Between the general election and the upcoming holidays, last week’s 38-closed escrows ranged from $765,000 on the high-end to $118,000 on the low-end. Coming in at number four, a recently sold listing within the Monterey at Stonebridge PUD successfully closed escrow for $500,000, after being listed for only 10 short days.

Monterey at Stonebridge

Monterey at Stonebridge

Monterey at Stonebridge is located along the Santa Clara River and adjacent to the Blackrock course at Sunbrook GC. This affordably chic golf course community has wonderful amenities with inexpensive monthly HOA (homeowners Association) dues, currently $200 a month. Understanding that real estate is all about “location, location, location” – this recently sold golf home closed escrow for $175,000 more than a recently sold comparable off the golf course, in the same subdivision.

Starting off with the very affordable La Ventia townhome that C.O.E. (Closed Escrow) for $104,000 over in Washington City, and capping off the week’s sales with a Shonto Point home, surrounded by the breathtakingly wild landscape that embraces the Kayenta subdivision. Closing escrow for $485,000, the Shonto Point sale represents the most expensive transaction completed in Washington County since November 2, 2015. Leaving the southern Utah real estate market in great shape as we head into the Thanksgiving holiday.

The Weekly Sales Report included below will point out critical data points for those hoping to gain a greater understanding of the southern Utah real estate market. Including critical data on the recently sold listings total days on market; list price vs. sold price, sold date, and the properties ultimate per square foot sales price.